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The latest price moves in crypto markets in context for July 12, 2023.

The bank lifted its MicroStrategy price target to $510, representing 24% potential upside, the report said.

The dollar value of the unlock amounted to 38% of the cryptocurrency's average 30-day trading volume and had potential to push prices lower, per one analyst.

Crypto traders anticipates a big move in bitcoin as Bollinger bands have tightened to the lowest level since early January.

ARK currently owns 11.03 million shares of Coinbase.

PLUS: Chinese Yuan-backed stablecoins are an impossibility.

Crypto investors now effectively lend $614 million to the U.S. government via different tokenized Treasury products, according to real-world asset data firm RWA.xyz.
While July has historically been one of Bitcoin’s strongest months, the largest crypto by market value’s price has remained range-bound so far this month.

Investors committed nearly 20% of all ETH tokens to lock up in staking contracts, according to blockchain data.

Open interest for MATIC trading pairs has risen from $109 million to $160 million in the past 24 hours.
- 18:01GMGN Joint Creation: Issues have arisen with Solana's MEV facility, it is recommended that users control slippage and transaction amountsGMGN United Creation @haze0x posted on X platform saying: There are problems with the mev facility on the sol chain, and the clamps have started to go wild. Everyone pay attention to controlling slippage. Control each transaction amount.
- 17:07Analyst: In the past 48 hours, whales have bought approximately 330,000 ETHCrypto analyst Ali Martinez revealed data on the X platform, stating that in the past 48 hours, whales have bought approximately 330,000 ETH.
- 17:05The US Bitcoin spot ETF market has seen capital outflows for four consecutive weeksNews on March 9, the US Bitcoin spot ETF market has seen capital outflows for four consecutive weeks. According to data from Farside Investors, as of the week ending March 7, the largest single-week fund outflows included: Fidelity Wisdom Origin Bitcoin Fund (FBTC) with a net outflow of $201 million, continuing its outflow for six weeks. ARK 21Shares Bitcoin ETF (ARKB) had a net outflow of $163.5 million. iShares Bitcoin Trust (IBIT) had a net outflow of $129.6 million. With institutional investors pulling back, weak demand disrupted the balance between supply and demand for bitcoin, causing it to fall by 8.76% over the past week.